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Baghjan oilfield fire

June 10, 2020
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A massive fire erupted in a damaged oil field in Assam's Tinsukia district on Tuesday. The oil well, part of Baghjan oil fields, had suffered damage after a blowout on May 27 and has been spewing gas since then. The blaze at the Oil India Ltd's oil well was so massive that it can be seen from a

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Keppel FELS denies allegations by Awilco for termination of newbuild

June 10, 2020
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Keppel Corporation Limited (“KCL” or the “Company”) refers to its media release on 11 March 2018 on the contract Keppel FELS Limited (“Keppel FELS”) secured from Awilco Drilling PLC for the construction of a mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million (“the “Contract”). The Company wishes to announce that Keppel FELS has, on

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BP Brazil leadership change

June 10, 2020
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Adriano Bastos will leave the command of BP Energy Brasil to direct the E&P activities of the British oil company in West Africa. Confirmed by sources to PetróleoToday, the change will take effect in July. BP Energy is still analyzing names to replace the executive. Source: Petroleo Hoje

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Silver Eagle has contracted PetroVietnam Shipyard for newbuild SEDU’s

June 10, 2020
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ABS is to provide classification for a series of highly innovative Self-Elevating Drilling Units (SEDU) for Silver Eagle Global.  Silver Eagle says the self-propelled design is capable of working at greater water depths and in harsh environments. Also that the series will have the industry’s largest deck area and deck load capacity, a cantilever with modular design and

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Norway demands more detail from Equinor on overseas operations

June 10, 2020
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Norway’s energy minister said state-controlled Equinor must be more transparent about its foreign businesses after it was hit by mounting losses from U.S. oil and gas investments. Equinor made a series of acquisitions of onshore and offshore petroleum reserves in the United States in the years before the 2014 oil price crash, eventually leading to accumulated losses and

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Bahamas Petroleum Awarded Uruguay Offshore License

June 9, 2020
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Highlights BPC has been awarded the OFF-1 license, offshore Uruguay OFF-1 contains a management estimated resource potential of up to 1 billion barrels of oil equivalent (BBOE), based on current mapping from multiple exploration plays and leads in relatively shallow waters with significant running room The OFF-1 licence play system is directly analogous to the prolific Cretaceous turbidite discoveries currently being

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Belorusneft discovers two new oilfields

June 9, 2020
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Izbynskoye and North Omelkovichi. According to preliminary estimates, the geological reserves of black gold in the two new areas exceed two and a half million tons. This discovery increases the prospects and resource potential of the Central structural zone of the Pripyat trough. This is the area where geologists have focused their attention in the search for hydrocarbons

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Chesapeake preparing for bankruptcy

June 9, 2020
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Chesapeake Energy is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the U.S. shale revolution to senior lenders, according to people with knowledge of the matter. The dwindling options for a powerhouse that once rivaled Exxon Mobil for title of king of American natural gas comes after Chief Executive Officer

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Awilco terminates newbuild Nordic Winter with KFELS

June 8, 2020
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Awilco Rig 1 Pte. Ltd. , a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”) that it has exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of a semi-submersible drilling rig, Nordic Winter, as a result of breaches under the Vessel Construction

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Oil Near $43 After OPEC+ Extends Production Cuts

June 8, 2020
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Oil rose to trade near $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month, promising stricter compliance to ensure members don’t pump more than they pledged. Brent futures added as much as 2.6% after posting a sixth weekly increase on Friday, the longest run of gains since

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